Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.Â
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its…
The Union Government inaugurated and laid the foundation stone for several power projects in eastern Uttar Pradesh on April 11, 2025. These efforts aim to strengthen electricity transmission and distribution in the Varanasi division. Projects inaugurated include two 400 kV and one 220 kV transmission substations and associated lines across Jaunpur, Chandauli, and Ghazipur districts….
Greenzo Energy India Limited has secured a research and development order from Engineers India Limited (EIL) for a hydrogen electrolyser modular unit at EIL’s R&D complex in Gurugram. The order, placed through the Government e-Marketplace, covers supply, site work, and spares. The project supports the National Green Hydrogen Mission and highlights EIL’s trust in domestic…
The Solar Energy Corporation of India (SECI) has cancelled two offshore wind tenders with a combined capacity of 4.5 GW, citing low developer participation. The first was a Request for Selection (RfS) issued on 2 February 2024 for 4,000 MW of offshore wind projects through allocation of sea-bed lease rights. The second, issued on 13…
Jakson Engineers Limited has supplied 100 MW of solar photovoltaic (PV) modules to Gujarat Industries Power Company Limited (GIPCL) for its 2,375 MW renewable energy park near Khavda, Gujarat. The company delivered around 190,000 Helia Plus PERC bifacial solar panels, manufactured by Jakson Solar Modules and Cells. In recent developments, Jakson Group, in collaboration with…
Alcazar Energy Partners has signed a memorandum of understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to develop a 2 GW onshore wind farm in Egypt. The project aligns with Egypt’s Vision 2030, focusing on renewable energy and environmental sustainability. The wind farm is expected to…